Simple interest on Rs. 1584000 for 3 years at 40% per annum is MCQ with Answer and Explanation

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Simple interest on Rs. 1584000 for 3 years at 40% per annum is

A. Rs. 1900600

B. Rs. 1901000

C. Rs. 1901200

D. Rs. 1900800

Answer: Option D

Solution (By JKSSB Mock Tests)

SI = (1584000 × 40 × 3)/100 = 1900800.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

Simple interest on Rs. 4122000 for 2 years at 99% per annum is

A. Rs. 8161960

B. Rs. 8161360

C. Rs. 8161760

D. Rs. 8161560

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Correct Answer: Option D

Explanation:
SI = (4122000 × 99 × 2)/100 = 8161560.

This question belongs to: Maths Simple Interest

Question #2

A sum of Rs. 2070000 amounts to Rs. 2898000 in 4 years at simple interest. The rate is

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
SI = 828000. R = (828000 × 100)/(2070000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #3

A sum doubles in 8 years at simple interest. Rate is

A. 10%

B. 8%

C. 12.5%

D. 15%

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Correct Answer: Option C

Explanation:
R = 100/8 = 12.5%.

This question belongs to: Maths Simple Interest

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